Enphase Energy Inc (ENPH)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Long-term debt	US$ in thousands	1,201,090	1,200,260	1,199,430	1,198,600	1,293,740	1,196,950	1,201,110	1,200,280	1,199,460	1,198,630	1,197,790	1,196,950	951,594	940,244	929,015	917,873	4,898	256,452	253,174	295,216
Total assets	US$ in thousands	3,249,680	3,264,190	3,166,580	3,232,980	3,383,010	3,553,940	3,465,880	3,380,850	3,084,280	2,697,840	2,437,110	2,263,280	2,079,260	2,230,160	2,100,660	2,194,200	1,200,100	1,092,340	997,927	1,030,790
Debt-to-assets ratio		0.37	0.37	0.38	0.37	0.38	0.34	0.35	0.36	0.39	0.44	0.49	0.53	0.46	0.42	0.44	0.42	0.00	0.23	0.25	0.29

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,201,090K ÷ $3,249,680K
= 0.37

The debt-to-assets ratio of Enphase Energy Inc has shown fluctuations over the analyzed period. The company's debt-to-assets ratio has decreased from 0.29 as of March 31, 2020, to 0.00 as of December 31, 2020, indicating a significant improvement in the company's debt management during that period.

However, the ratio started to increase again, reaching 0.53 as of March 31, 2022. Subsequently, the ratio fluctuated between 0.35 and 0.46 throughout the following quarters, with a downward trend observed towards the end of the period, stabilizing around 0.37 from June 30, 2024, to December 31, 2024.

Overall, the analysis suggests that Enphase Energy Inc experienced fluctuations in its debt-to-assets ratio, indicating changes in its leverage and debt management strategies over the analyzed period. Investors and stakeholders may want to closely monitor this ratio to assess the company's financial health and risk exposure.